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MequonCPA, Certified Public Accountant (CPA)

Category: Tax

Satisfied Customers: 2342

Experience: CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.

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My husband has agreed to pay me $70,000 as equilization payment

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My husband has agreed to pay me $70,000 as equilization payment for re-imbursements my family incurred for marriage and couple of other stocks purchased during marriage and 401K plan etc. We decided instead of diving these things, I will receive cash for it. Will this be taxable to me?